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Tanzania: Cashew Nuts Have Fetched Sh507bn, Says Minister
Citizen, 3 January 2020
The government on Wednesday said 192,095.8 tonnes of raw cashew nuts (RCNs) worth Sh507.707 billion had been sold by December 31, 2019. Read more »
Agriculture Minister Japhet Hasunga has said that the amount will be reached after buyers pay required charges in the business chain for the 2019/20 trading season, thanks to president John Magufuli's industrialization drive which is attracting investors to set up cashew-processing firms in the country.
The Tanzania cashew nuts industry will soon be processing 5,000 tonnes of cashew nuts per year with help from a Chinese firm. Trade and Investment Minister, Joseph Kakunda says the ... Read more »
While cooperatives have commended President John Magufuli's intervention, they have warned that this should not happen at the expense of other stakeholders in the business of ... Read more »
The government's proposal to make changes to the Cashewnut Industry Act has sparked a heated debate in parliament. Currently the law requires that 65% of the crop export levy be ... Read more »
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